eToro
eToro is an Israeli global social investment platform founded in 2007 by Yoni Assia, Ronen Assia, and David Ring. The company's product is a platform for users to invest in financial instruments, like stocks, cryptocurrencies, and ETFs. eToro is a target for boycotts.
Connection to the Israeli Military and Security Agencies
Yoni Assia, one of the co-founders of eToro, served in the Israeli Military as a programmer under the technology unit of the IDF Military Intelligence Directorate which includes units of the like of unit 8200.
Ronen Assia, co-founder of eToro, is part of Team8, an investment company founded by former members of Unit 8200 and Israeli intelligence officers. The established foundry group is securing $100 million in investments.
In July 2021, The Times of Israel published an investigation highlighting connections between eToro and individuals linked to Israel's illegal binary options industry. Notably, Shmuel Hauser, former chairman of the Israel Securities Authority (ISA), joined eToro’s advisory board after playing a pivotal role in regulatory decisions favoring the company.
Unit 8200
Unit 8200 and other Military Intelligence Directorate are secretive cybersecurity and intelligence unit within the Israeli Occupational Forces. Yoni Assia, one of the founders of eToro, served in one of these units.
Upon completing their mandatory service, Unit 8200 and other Military Intelligence units veterans, like all IDF soldiers, are required to serve in the reserves. This reserve duty extends until their early 40s, typically involving a commitment of up to three weeks per year. This ongoing service means that members, like Yoni Assia, are still connected to and potentially contributing to and supporting the ongoing Israeli military operations.
This unit has been involved in many atrocities committed by the Israeli Occupational Forces. This includes the recent terrorist attack on Lebanese civilians with exploding communication equipment or using AI to mark random civilians as "targets" to be bombed in Gaza.
Sources:
- Tech Funding News What you need to know about Israeli co-founder of eToro Yoni Assia and the $250m funding round
- Calcalist Nadav Zafrir: Decorated soldier turned cyber entrepreneur
- The Times of Israel Ex-securities regulator now works for fintech firm that pushed him to weaken law
- Reuters Hezbollah pager attack puts spotlight on Israel's cyber warfare Unit 8200
- +972 Magazine ‘Lavender’: The AI machine directing Israel’s bombing spree in Gaza